China Homologation Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2023 –2030 |
 Market Size (Base Year) |
|
 Market Size (Forecast Year) |
USD 269,417.46 |
 CAGR |
% |
| Major Markets Players |
China Homologation Market, By Sourcing Type (Outsourced Services and In-House Services), Type (System & Component Homologation and Full Vehicle Homologation), Service Type (Testing Services, Inspection Services, Certification Services, and Others), Validity (National and International), Engine Type (Electric and Internal Combustion Engine (ICE)), Application (Electrical Systems & Components, Telematics, Fuels, Fluids & Lubricants, and Others), Vehicle Type (Passenger Vehicles, Commercial Vehicles, Two Wheelers, and Agricultural Equipment) - Industry Trends and Forecast to 2030.
China Homologation Market Analysis and Insights
China homologation is a mandatory process for all products exported to China. It is a conformity assessment procedure that ensures that products meet the safety, performance, and environmental standards set by the Chinese government. The process is overseen by the Certification and Accreditation Administration of China (CNCA). There are two main types of China homologation: compulsory and voluntary. Compulsory homologation is required for certain types of products, such as vehicles, electrical appliances, and medical devices. Voluntary homologation is not required by law, but it can provide a number of benefits, such as improved market access and increased consumer confidence.
Data Bridge Market Research analyzes that the China homologation market is expected to reach a value of USD 269,417.46 thousand by 2030, at a CAGR of 4.7% during the forecast period.
|
Report Metric |
Details |
|
Forecast Period |
2023 to 2030 |
|
Base Year |
2022 |
|
Historic Years |
2021 (Customizable to 2015 – 2020) |
|
Quantitative Units |
Revenue in USD Thousand |
|
Segments Covered |
Sourcing Type (Outsourced Services and In-House Services), Type (System & Component Homologation and Full Vehicle Homologation), Service Type (Testing Services, Inspection Services, Certification Services, and Others), Validity (National and International), Engine Type (Electric and Internal Combustion Engine (ICE)), Application (Electrical Systems & Components, Telematics, Fuels, Fluids & Lubricants, and Others), Vehicle Type (Passenger Vehicles, Commercial Vehicles, Two Wheelers, and Agricultural Equipment) |
|
Country Covered |
China |
|
Market Players Covered |
TÜV SÜD, SGS Société Générale de Surveillance SA., Applus+, FORVIA, G&M Compliance, Inc., UTAC, IB-Lenhardt AG, UL LLC, Intertek Group plc, DEKRA com, Bureau Veritas, TÜV Rheinland, Formel D, TASS International, among others |
Market Definition
Homologation is a crucial component of the regulatory landscape, encompassing the processes and requirements for obtaining the necessary certifications and approvals for products to be legally distributed, sold, and used within the country. It primarily focuses on ensuring that products meet safety, environmental, and quality standards, fostering consumer protection and product quality assurance. It involves the assessment and validation of various product categories, prominently including automotive and electronic goods.
China Homologation Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Driver
- Rising Number of New Registered EV Vehicles
The rising number of newly registered electric vehicle (EV) in China has had a profound impact on the country's homologation market, which refers to the process of certifying that a vehicle complies with the necessary safety and environmental regulations to be legally sold and operated on the road. China has emerged as the world's largest market for EVs, with a strong government push to reduce carbon emissions and promote clean energy solutions. This surge in EV registrations has driven significant changes in the homologation landscape.
Restraint
- Complex and Time-Consuming Process
The process of obtaining homologation in the Chinese market is a complex and time-consuming endeavor that presents numerous challenges for foreign companies seeking to enter this lucrative market. Homologation is the certification process that ensures a product or vehicle complies with China's regulatory standards and safety requirements.
Opportunity
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China's Vast Consumer Base
China's vast consumer base is a tremendous opportunity for the China homologation market. With a population of over 1.4 billion people, China represents one of the largest consumer markets globally. This sheer scale of potential customers offers a substantial incentive for automotive manufacturers and suppliers to enter the market and have their products certified through homologation.
Challenge
- Stringent Regulations
China's stringent regulations pose significant challenges for companies operating in the China homologation market. These regulations are aimed at ensuring product safety, environmental protection, and market competitiveness, but they can also create hurdles for businesses seeking to enter and succeed in this market.
Recent Developments
- In July 2023, UTAC and SMVIC strengthened their cooperation, with SMVIC's test center being co-approved as a Euro NCAP facility in China. This achievement, celebrated in the presence of industry leaders, marks a major stride in advancing global vehicle safety and reducing accident rates.
- In July 2023, UL LLC. was designated as a Certification Body Testing Laboratory (CBTL) for Battery and Electric Vehicle Charger Services in Taiwan, providing comprehensive testing services for manufacturers in the e-mobility and energy industries.
- In May 2023, FORVIA CLD, a prominent Chinese hydrogen tank manufacturer, marked a pivotal step in advancing hydrogen mobility in China. CLD's recent Type IV tank certification by the Chinese government, known for its lightweight design, enhances Faurecia's position in this sector. With CLD's growth potential and Type IV tanks, Faurecia is primed to accelerate hydrogen mobility in China, solidifying its presence and impact in the market.
- In March 2023, SGS Société Générale de Surveillance SA reinforces its dedication to the bio/pharmaceutical industry with a significant investment in a cutting-edge bioanalytical testing facility in Pudong, Shanghai, closely aligned with its existing testing hub. With enhanced capabilities, from preclinical to clinical stages, this initiative promises streamlined IND and NDA processes, demonstrating SGS's commitment to advancing drug R&D and quality in collaboration with key industry leaders.
- In May 2021, Bureau Veritas's Detroit automotive laboratory received approval from General Motors for Automotive EMC Specification GMW3097:2019, solidifying our position as a vital testing entity in the automotive supply chain.
China Homologation Market Scope
The China homologation market is segmented into seven notable segments which are on the basis of sourcing type, type, service type, validity, engine type, application, and vehicle type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Sourcing Type
- Outsourced Services
- In-House Services
On the basis of sourcing type, the market is segmented into outsourced services, in-house services.
Type
- System & Component Homologation
- Full Vehicle Homologation
On the basis of type, the market is segmented into system & component homologation, full vehicle homologation.
Service Type
- Testing Services
- Inspection Services
- Certification Services
- Others
On the basis of service type, the market is segmented into testing services, inspection services, and certification services, and others.
Validity
- International
- National
On the basis of validity, the market is segmented into international and national.
Engine Type
- Electric
- Internal Combustion Engine (ICE)
On the basis of engine type, the market is segmented into electric and internal combustion engine (ICE).
Application
- Electrical Systems & Components
- Telematics
- Fuels, Fluids & Lubricants
- Others
On the basis of application, the market is segmented into electrical systems & components, telematics, fuels, fluids & lubricants, and others.
Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- Two Wheelers
- Agricultural Equipment
On the basis of vehicle type, the market is segmented into passenger vehicles, commercial vehicles, two wheelers, and agricultural equipment.
Competitive Landscape and China Homologation Market Share Analysis
The China homologation market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, product width and breadth, application dominance, and product type lifeline curve. The above data points provided are only related to the company’s focus on the market.
Some of the major market players operating in the China homologation market are SGS Société Générale de Surveillance SA., UTAC, FORVIA, Intertek Group plc, Applus+, Bureau Veritas, and DEKRA com, among others.
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Table of Content
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF THE CHINA HOMOLOGATION MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATIONS
1.6 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 MARKETS COVERED
2.2 YEARS CONSIDERED FOR THE STUDY
2.3 GEOGRAPHIC SCOPE
2.4 DBMR TRIPOD DATA VALIDATION MODEL
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.6 DBMR MARKET POSITION GRID
2.7 VENDOR SHARE ANALYSIS
2.8 MARKET APPLICATION COVERAGE GRID
2.9 MULTIVARIATE MODELLING
2.1 SOURCING TYPE TIMELINE CURVE
2.11 SECONDARY SOURCES
2.12 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
5.1 DRIVERS
5.1.1 RISING NUMBER OF NEW REGISTERED EV VEHICLES
5.1.2 DEVELOPMENT OF AUTONOMOUS VEHICLES
5.2 RESTRAINTS
5.2.1 COMPLEX AND TIME-CONSUMING PROCESS
5.2.2 HIGH COST OF PROCESSING
5.3 OPPORTUNITIES
5.3.1 CHINA VAST CONSUMER BASE
5.3.2 INCREASED FOCUS ON SAFETY
5.4 CHALLENGES
5.4.1 STRINGENT REGULATIONS
5.4.2 DATA PRIVACY CONCERNS
6 CHINA HOMOLOGATION MARKET, BY SOURCING TYPE
6.1 OVERVIEW
6.2 OUTSOURCED SERVICES
6.3 IN-HOUSE SERVICES
7 CHINA HOMOLOGATION MARKET, BY ENGINE TYPE
7.1 OVERVIEW
7.1.1 ELECTRIC
7.1.1.1 BATTERY ELECTRIC VEHICLE (BEV)
7.1.1.2 HYBRID ELECTRIC VEHICLE (HEV)
7.1.1.3 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)
7.1.1.4 FUEL CELL ELECTRIC VEHICLE (FCEV)
7.1.2 INTERNAL COMBUSTION ENGINE (ICE)
7.1.2.1 DIESEL
7.1.2.2 PETROL
7.1.2.3 CNG
8 CHINA HOMOLOGATION MARKET, BY VEHICLE TYPE
8.1 OVERVIEW
8.2 PASSENGER VEHICLES
8.2.1 BY TYPE
8.2.1.1 SEDAN
8.2.1.2 SUV
8.2.1.3 HATCHBACKS
8.2.1.4 OTHERS
8.2.2 BY SERVICE TYPE
8.2.2.1 TESTING SERVICES
8.2.2.2 INSPECTION SERVICES
8.2.2.3 CERTIFICATION SERVICES
8.2.2.4 OTHERS
8.3 COMMERCIAL VEHICLES
8.3.1 LIGHT COMMERCIAL VEHICLES
8.3.2 BY TYPE
8.3.2.1 VANS
8.3.2.2 PASSENGER VANS
8.3.2.3 CARGO VANS
8.3.2.4 OTHERS
8.3.2.5 COACHES
8.3.2.6 PICKUP TRUCKS
8.3.2.7 MINI BUSES
8.3.2.8 OTHERS
8.3.3 HEAVY COMMERCIAL VEHICLES
8.3.3.1 BY TYPE
8.3.3.1.1 TRUCKS
8.3.3.1.1.1 DUMP TRUCKS
8.3.3.1.1.2 TOW TRUCKS
8.3.3.1.1.3 CEMENT TRUCKS
8.3.3.1.1.4 OTHERS
8.3.3.1.2 TRAILERS
8.3.3.1.3 LOADERS
8.3.3.1.4 BUSES
8.3.3.1.5 OTHERS
8.3.4 BY SERVICE TYPE
8.3.4.1 TESTING SERVICES
8.3.4.2 INSPECTION SERVICES
8.3.4.3 CERTIFICATION SERVICES
8.3.4.4 OTHERS
8.4 TWO WHEELERS
8.4.1 BY TYPE
8.4.1.1 MOTORCYCLE
8.4.1.2 SCOOTER
8.4.1.3 OTHERS
8.4.2 BY SERVICE TYPE
8.4.2.1 TESTING SERVICES
8.4.2.2 INSPECTION SERVICES
8.4.2.3 CERTIFICATION SERVICES
8.4.2.4 OTHERS
8.5 AGRICULTURAL EQUIPMENT
8.5.1 BY SERVICE TYPE
8.5.1.1 TESTING SERVICES
8.5.1.2 INSPECTION SERVICES
8.5.1.3 CERTIFICATION SERVICES
8.5.1.4 OTHERS
9 CHINA HOMOLOGATION MARKET, BY TYPE
9.1 OVERVIEW
9.2 SYSTEM & COMPONENT HOMOLOGATION
9.2.1 ACTIVE SYSTEM
9.2.1.1 STEERING SYSTEM
9.2.1.2 BRAKE SYSTEM
9.2.2 PASSIVE SYSTEM
9.2.2.1 PASSENGER PROTECTION
9.2.2.2 CHILD RESTRAINT
9.2.2.3 SEAT BELTS
9.3 FULL VEHICLE HOMOLOGATION
10 CHINA HOMOLOGATION MARKET, BY SERVICE TYPE
10.1 OVERVIEW
10.2 TESTING SERVICES
10.3 INSPECTION SERVICES
10.4 CERTIFICATION SERVICES
10.5 OTHERS
11 CHINA HOMOLOGATION MARKET, BY VALIDITY
11.1 OVERVIEW
11.2 INTERNATIONAL
11.3 NATIONAL
12 CHINA HOMOLOGATION MARKET, BY APPLICATION
12.1 OVERVIEW
12.2 ELECTRICAL SYSTEMS & COMPONENTS
12.2.1 XEV COMPONENTS
12.2.2 SPEED LIMITING DEVICES
12.2.3 GPS DEVICES
12.2.4 OTHERS
12.3 TELEMATICS
12.3.1 INTELLIGENT ANTENNA MODULE
12.3.2 NETWORK ACCESS DEVICES
12.3.3 OTHERS
12.4 FUELS, FLUIDS & LUBRICANTS
12.5 OTHERS
13 CHINA HOMOLOGATION MARKET, COMPANY LANDSCAPE
13.1 COMPANY SHARE ANALYSIS: CHINA
14 SWOT ANALYSIS
15 COMPANY PROFILE
15.1 SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA
15.1.1 COMPANY SNAPSHOT
15.1.2 REVENUE ANALYSIS
15.1.3 SOLUTION PORTFOLIO
15.1.4 RECENT DEVELOPMENTS
15.2 UTAC
15.2.1 COMPANY SNAPSHOT
15.2.2 SOLUTION PORTFOLIO
15.2.3 RECENT DEVELOPMENTS
15.3 FORVIA
15.3.1 COMPANY SNAPSHOT
15.3.2 REVENUE ANALYSIS
15.3.3 SOLUTION PORTFOLIO
15.3.4 RECENT DEVELOPMENTS
15.4 INTERTEK GROUP PLC
15.4.1 COMPANY SNAPSHOT
15.4.2 REVENUE ANALYSIS
15.4.3 SOLUTION PORTFOLIO
15.4.4 RECENT DEVELOPMENTS
15.5 APPLUS+
15.5.1 COMPANY SNAPSHOT
15.5.2 REVENUE ANALYSIS
15.5.3 SOLUTION PORTFOLIO
15.5.4 RECENT DEVELOPMENTS
15.6 BUREAU VERITAS
15.6.1 COMPANY SNAPSHOT
15.6.2 REVENUE ANALYSIS
15.6.3 SOLUTION PORTFOLIO
15.6.4 RECENT DEVELOPMENTS
15.7 DEKRA COM
15.7.1 COMPANY SNAPSHOT
15.7.2 SOLUTION PORTFOLIO
15.7.3 RECENT DEVELOPMENTS
15.8 FORMEL D
15.8.1 COMPANY SNAPSHOT
15.8.2 SOLUTION PORTFOLIO
15.8.3 RECENT DEVELOPMENTS
15.9 G&M COMPLIANCE, INC.
15.9.1 COMPANY SNAPSHOT
15.9.2 SOLUTION PORTFOLIO
15.9.3 RECENT DEVELOPMENTS
15.1 IB-LENHARDT AG
15.10.1 COMPANY SNAPSHOT
15.10.2 SOLUTION PORTFOLIO
15.10.3 RECENT DEVELOPMENTS
15.11 TASS INTERNATIONAL
15.11.1 COMPANY SNAPSHOT
15.11.2 REVENUE ANALYSIS
15.11.3 SOLUTION PORTFOLIO
15.11.4 RECENT DEVELOPMENTS
15.12 TÜV RHEINLAND
15.12.1 COMPANY SNAPSHOT
15.12.2 SOLUTION PORTFOLIO
15.12.3 RECENT DEVELOPMENTS
15.13 TUV SUD
15.13.1 COMPANY SNAPSHOT
15.13.2 REVENUE ANALYSIS
15.13.3 SOLUTION PORTFOLIO
15.13.4 RECENT DEVELOPMENTS
15.14 UL LLC.
15.14.1 COMPANY SNAPSHOT
15.14.2 SOLUTION PORTFOLIO
15.14.3 RECENT DEVELOPMENTS
16 QUESTIONNAIRE
17 RELATED REPORTS
List of Table
TABLE 1 CHINA HOMOLOGATION MARKET, BY SOURCING TYPE, 2021-2030 (USD THOUSAND)
TABLE 2 CHINA HOMOLOGATION MARKET, BY ENGINE TYPE, 2021-2030 (USD THOUSAND)
TABLE 3 CHINA ELECTRIC IN HOMOLOGATION MARKET, BY TYPE, 2021-2030 (USD THOUSAND)
TABLE 4 CHINA INTERNAL COMBUSTION ENGINE (ICE) IN HOMOLOGATION MARKET, BY TYPE, 2021-2030 (USD THOUSAND)
TABLE 5 CHINA HOMOLOGATION MARKET, BY VEHICLE TYPE, 2021-2030 (USD THOUSAND)
TABLE 6 CHINA HOMOLOGATION MARKET, BY VEHICLE TYPE, 2021-2030 (UNITS)
TABLE 7 CHINA PASSENGER VEHICLES IN HOMOLOGATION MARKET, BY TYPE, 2021-2030 (USD THOUSAND)
TABLE 8 CHINA PASSENGER VEHICLES IN HOMOLOGATION MARKET, BY SERVICE TYPE, 2021-2030 (USD THOUSAND)
TABLE 9 CHINA COMMERCIAL VEHICLES IN HOMOLOGATION MARKET, BY TYPE, 2021-2030 (USD THOUSAND)
TABLE 10 CHINA LIGHT COMMERCIAL VEHICLES IN HOMOLOGATION MARKET, BY TYPE, 2021-2030 (USD THOUSAND)
TABLE 11 CHINA VANS IN HOMOLOGATION MARKET, BY TYPE, 2021-2030 (USD THOUSAND)
TABLE 12 CHINA HEAVY COMMERCIAL VEHICLES IN HOMOLOGATION MARKET, BY TYPE, 2021-2030 (USD THOUSAND)
TABLE 13 CHINA TRUCKS IN HOMOLOGATION MARKET, BY TYPE, 2021-2030 (USD THOUSAND)
TABLE 14 CHINA COMMERCIAL VEHICLES IN HOMOLOGATION MARKET, BY SERVICE TYPE, 2021-2030 (USD THOUSAND)
TABLE 15 CHINA TWO WHEELERS IN HOMOLOGATION MARKET, BY TYPE, 2021-2030 (USD THOUSAND)
TABLE 16 CHINA TWO WHEELERS IN HOMOLOGATION MARKET, BY SERVICE TYPE, 2021-2030 (USD THOUSAND)
TABLE 17 CHINA AGRICULTURAL EQUIPMENT IN HOMOLOGATION MARKET, BY SERVICE TYPE, 2021-2030 (USD THOUSAND)
TABLE 18 CHINA HOMOLOGATION MARKET, BY TYPE, 2021-2030 (USD THOUSAND)
TABLE 19 CHINA SYSTEM & COMPONENT HOMOLOGATION IN HOMOLOGATION MARKET, BY TYPE, 2021-2030 (USD THOUSAND)
TABLE 20 CHINA ACTIVE SYSTEM IN HOMOLOGATION MARKET, BY TYPE, 2021-2030 (USD THOUSAND)
TABLE 21 CHINA PASSIVE SYSTEM IN HOMOLOGATION MARKET, BY TYPE, 2021-2030 (USD THOUSAND)
TABLE 22 CHINA HOMOLOGATION MARKET, BY SERVICE TYPE, 2021-2030 (USD THOUSAND)
TABLE 23 CHINA HOMOLOGATION MARKET, BY VALIDITY, 2021-2030 (USD THOUSAND)
TABLE 24 CHINA HOMOLOGATION MARKET, BY APPLICATION, 2021-2030 (USD THOUSAND)
TABLE 25 CHINA ELECTRICAL SYSTEMS & COMPONENTS IN HOMOLOGATION MARKET, BY TYPE, 2021-2030 (USD THOUSAND)
TABLE 26 CHINA TELEMATICS IN HOMOLOGATION MARKET, BY TYPE, 2021-2030 (USD THOUSAND)
List of Figure
FIGURE 1 CHINA HOMOLOGATION MARKET: SEGMENTATION
FIGURE 2 CHINA HOMOLOGATION MARKET: DATA TRIANGULATION
FIGURE 3 CHINA HOMOLOGATION MARKET: DROC ANALYSIS
FIGURE 4 CHINA HOMOLOGATION MARKET: REGIONAL VS COUNTRY MARKET ANALYSIS
FIGURE 5 CHINA HOMOLOGATION MARKET: COMPANY RESEARCH ANALYSIS
FIGURE 6 CHINA HOMOLOGATION MARKET: INTERVIEW DEMOGRAPHICS
FIGURE 7 CHINA HOMOLOGATION MARKET: DBMR MARKET POSITION GRID
FIGURE 8 CHINA HOMOLOGATION MARKET: VENDOR SHARE ANALYSIS
FIGURE 9 CHINA HOMOLOGATION MARKET: MARKET APPLICATION COVERAGE GRID
FIGURE 10 CHINA HOMOLOGATION MARKET: MULTIVARIATE MODELLING
FIGURE 11 CHINA HOMOLOGATION MARKET: SOURCING TYPE TIMELINE CURVE
FIGURE 12 CHINA HOMOLOGATION MARKET: SEGMENTATION
FIGURE 13 RISING NUMBER OF NEW REGISTERED EV VEHICLES IS EXPECTED TO DRIVE THE GROWTH OF THE CHINA HOMOLOGATION MARKET IN THE FORECAST PERIOD OF 2023 TO 2030
FIGURE 14 OUTSOURCED SERVICES SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE CHINA HOMOLOGATION MARKET FROM 2023 TO 2030
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF CHINA HOMOLOGATION MARKET
FIGURE 16 CHINA HOMOLOGATION MARKET: BY SOURCING TYPE, 2022
FIGURE 17 CHINA HOMOLOGATION MARKET: BY ENGINE TYPE, 2022
FIGURE 18 CHINA HOMOLOGATION MARKET: BY VEHICLE TYPE, 2022
FIGURE 19 CHINA HOMOLOGATION MARKET: BY TYPE , 2022
FIGURE 20 CHINA HOMOLOGATION MARKET: BY SERVICE TYPE , 2022
FIGURE 21 CHINA HOMOLOGATION MARKET: BY VALIDITY, 2022
FIGURE 22 CHINA HOMOLOGATION MARKET: BY APPLICATION, 2022
FIGURE 23 CHINA HOMOLOGATION MARKET: COMPANY SHARE 2022 (%)
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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